The sudden cancellation of concerts and events in the last few weeks of March meant a 21% decline in revenues for Live Nation and a $172 million loss for the quarter, nearly seven times what the company posted for the same period last year.
Concert revenue for the quarter was $993.4 milion, down 25 percent from the same period last year, while ticketing revenue was $284.3 million, down 16 percent. The number of U.S. events in the first quarter fell from 5,675 in 2019 to 4,790 in 2020, while international events dropped from 5,957 in 2019 to 4,640 in 2020. Global attendance was down from 14.9 million fans in 2019 to 10.4 million fans in 2020, whole total estimate tickets sold slipped from 117.1 million to 91.5.
At the end of the quarter, Live Nation held $3.3 billion in cash and cash equivalents including $842 million in client ticket cash, $817 million in free cash and another $900 million in available credit for $1.7 billion in available liquidity.
Givethe10k billboardrespond
... plus many lives saved from C-19.
And Ticket Bastard. You would think those obscene service charges over the years that raped us would have helped them LiveNation Ticketmaster
I wish Ticketmaster and live nation would go out of business. They suck.
I can’t feel bad for the evil empire